Nomura Research Institute (OTCMKTS:NRILY) Shares Gap Down – What’s Next?
by Scott Moore · The Cerbat GemNomura Research Institute (OTCMKTS:NRILY – Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $40.1380, but opened at $38.67. Nomura Research Institute shares last traded at $37.16, with a volume of 4,681 shares changing hands.
Analysts Set New Price Targets
Several research firms have weighed in on NRILY. Citigroup upgraded shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 19th. Zacks Research cut shares of Nomura Research Institute from a “hold” rating to a “strong sell” rating in a research report on Monday, December 22nd. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Nomura Research Institute has a consensus rating of “Reduce”.
Get Our Latest Report on NRILY
Nomura Research Institute Price Performance
The company has a market cap of $22.46 billion, a price-to-earnings ratio of 32.48 and a beta of 0.70. The company has a quick ratio of 1.84, a current ratio of 1.72 and a debt-to-equity ratio of 0.44. The company’s fifty day moving average price is $39.46 and its two-hundred day moving average price is $38.95.
Nomura Research Institute (OTCMKTS:NRILY – Get Free Report) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.33 earnings per share for the quarter. Nomura Research Institute had a return on equity of 22.63% and a net margin of 12.96%.The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. On average, equities research analysts forecast that Nomura Research Institute will post 1.04 EPS for the current fiscal year.
About Nomura Research Institute
Nomura Research Institute, Ltd. (NRI) is a Tokyo-based provider of management consulting and information technology services. Founded in 1965, the firm combines industry research, strategic advisory and systems development to help corporate and public-sector clients address complex business and technology challenges. NRI is known for integrating consulting insight with large-scale system integration, outsourcing and software solutions to support digital transformation initiatives.
NRI’s core activities include management and IT consulting, system integration, application development, and IT outsourcing.